Australian energy company WHL Energy Limited
(ASX:WHN) (“WHL Energy” or “the Company”) is pleased to announce that the board of directors of the Company have resolved to undertake a non-renounceable pro-rata entitlement offer to raise up to approximately $4.87 million (before costs).
Eligible Shareholders (as defined below) will be offered the opportunity to acquire three new fully paid ordinary shares in the Company (New Shares) for every ten fully paid ordinary shares held at the Record Date at an issue price of $0.01 per New Share (Offer).
Eligible Shareholders who participate in the Offer will also receive two free attaching options for every three New Shares issued to them (Attaching Options). Each Attaching Option will have an exercise price of $0.018 and will be exercisable at any time prior to 5.00pm WST on 30 November 2016. The Company will apply to the ASX for quotation of the Attaching Options.
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